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response was under bill clinton there was great economic prosperity. the whole land of obama is about bill clinton and how nifty the economy was under him. i would have given a limb to see mitt romney turned to him and say mr. president, i knew bill clinton. [laughter] >> our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years we average 3.3% growth a year. this president is fond of saying -- the worst economy in the history of the universe and everything by the way is george w. bush's fault. he doesn't have much historical memory when he makes that argument. any of you remember in 1978-1979? double digit unemployment, 22% interest rates, gas lines, stagflation, in 1980 and very different president got elected. ronald reagan liked barack obama and inherited a struggling economy. and reagan implemented policies 180 degrees opposite, instead of jacking up taxes. he cut taxes. instead of exploding spending and the debt he restrained the growth of spending instead of unleashing the hounds of regulator
bill clinton, there was great economic prosperity. the whole answer of obama is all about bill clinton and how nifty economy was under him. i would have given a limb to see ann romney turn to him and say, i knew bill clinton -- see romney turn to him and say, mr. president, i knew bill clinton. [laughter] our ideas work. their ideas don't. he last the month years, our economy has grown to 1.5% per year. that is less than half the historical average. this president is fond of saying he inherited the worst economy in the history of the universe. everything, by the way, is george w. bush's fault. much historical memory when he makes the argument. any of you remember 1978-1979? double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a different president got elected. ronald reagan, like barack obama, inherited a struggling economy. ronald reagan implemented policies 180 degrees opposite of barack obama. instead of checking up taxes, he cut taxes. instead of exploding spending and the death, he restrained growth and spending. instead of -- debt, he restrained growth
at "the washington post" to figure out who might be president. i started that process with bill clinton, turning it into a book, and so there was an assumption when i wrote about barack obama in 2008, an assumption by my friends and colleagues that i would just immediately launch into the boying of barack obama, and i haveƱhr to say it was onef the more disk decisions made in my career, and it had nothing to do with barack obama, but what i consider to be the increasingly toxic nature of superficial nature offed -- of modern american politics. i was not sure i wanted to spend three or four years trying to get the true story and throw that into the swath of this culture knowing that there would be people who could try to manipulate any fact and turn it for their political purposes, which, to some extent, is what happened early on until i refused to let it happen more. in any cation, on election night in 2008, i decided i had to do the book, and the story, itself, is what was drawing me into it in a way that transcended any of my concerns about the political culture. this book is really
debate, how striking was it that when mitt romney presto, from his response was, well, under bill clinton there was great economic prosperity are the holy observer, is all about bill clinton and how nifty the economy was under him. i've got to tell you, i would've given a link to see that romney turned to him and say, mr. president, i knew bill clinton. [laughter] our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years has averaged 3.3% growth a year. and this president is fond of saying he inherited the worst economy in the history of the universe. and everything, by the way, is george w. bush's fault. he doesn't have much historical memory when he makes that argument. any of you all remember 1978, 1979? double-digit unemployment, 22% interest rates gas lines, stagflation in 1888 different president. ronald reagan inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. incentive jacking up taxes, he slashed taxes. instead of exploding spending on the
increase. >> you said that about bill clinton in 1993. not a single republican voted for his tax increase, and we had 23 million new jobs. >> it doesn't keep up with population growth. >> i'll tell you this. >> we are not growing our way out of this, and obama doesn't want to grow. >> regarding the clinton tax hike of '93, first of all, the economy didn't do so great after that tax hike. it was later when he cut the capital gains tax. >> that's not true, larry. look at the numbers, larry. that's not true. >> we cut spending, keith. >> but the fact is, george papa bush gave clinton a really strong 4% economy. right now you've got a whole different situation. >> wait a minute. so you can talk about the senior bush but you can't talk about the younger bush and what he gave president obama? is this not hypocrisy? >> papa bush gave him a better economy. i've got to get out of here. >> it's after the election, you lost, larry. get over it. >>> do you think someone earning $250,000 a year is rich? please tweet us @thekudlowreport. we'll read them later in the show. >>> guess what? nancy pelosi i
the rates. think about it. we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said the president will veto
trying to do. >> it makes you wonder is this what we saw in the second term of bill clinton where you know, the republicans now okay, we had a democrat win re-election and here we go with our efforts to impeach the president as dick morris said on election night over twitter let's impeach the president. >> bill: my question is what are the -- what's the fbi doing with this in the first place and why did the white house not know, dianne feinstein not know, pete hoekstra not know. but eric cantor did? who's in control of the fbi? nobody apparently. >> yeah, well i think also just not comically really because there's not a lot that's funny about this but the fact that the director of central intelligence can't keep interference out makes you wonder how good of a spy he was. >> bill: he did go to -- he told him and he said let's keep this -- >> but this isn't what we need to be talking about right now. >> bill: we'll talk about what this election means coming up next. take your calls at 1-866-55-press. and peter welsh fr
: just a related note. jim saying president bush read -- raise taxes and bill clinton ran on the worst economy in 50 years. guest: to the last caller, i do not mean to disappoint you. i agree with what you are saying. we do not have a position that we should lower taxes on corporations. there are some democrats saying that. it seemed crazy to me. we desperately need the revenue to kickstart our economy. when you talk about the fact that our government has been captured by lobbyists and corporate interests, when i talk about -- talk to moveon members, that is the first thing they say. banks have absolutely capture the regulatory process. oil companies have a huge amount to say about what the energy regulations are. you can go right down the list. i totally agree that we have to change how campaigns are financed in this country and the revolving door that allows people to zoom right out of government into lobbying and back and forth. that door should be slammed shut. there are things we need to do to break the ties between corporations and big business and the government that should be s
Search Results 0 to 7 of about 8